Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Signet Financial Management LLC

Signet Financial Management LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 4.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,736 shares of the technology company’s stock after purchasing an additional 2,347 shares during the period. Signet Financial Management LLC’s holdings in Dell Technologies were worth $4,989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $37,000. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of Dell Technologies by 204.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company’s stock worth $38,000 after purchasing an additional 221 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,091 shares of company stock worth $8,608,142 in the last quarter. 42.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on DELL shares. UBS Group decreased their price objective on Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, May 30th. The Goldman Sachs Group decreased their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Citigroup upped their price objective on Dell Technologies from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 30th. Morgan Stanley upped their price objective on Dell Technologies from $89.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Finally, Raymond James upped their price objective on Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Dell Technologies Trading Up 0.5%

DELL opened at $114.27 on Tuesday. The stock’s 50-day moving average price is $97.16 and its 200 day moving average price is $105.86. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $161.52. The firm has a market cap of $79.74 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same period in the previous year, the company posted $1.27 EPS. Dell Technologies’s revenue was up 5.1% on a year-over-year basis. On average, research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).